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TSLA

Tesla Inc. (NASDAQ:TSLA) faces a challenge with its Full Self-Driving (FSD) technology as only 2% of free trial users subscribe, significantly below the expected rate. Gary Black of Future Fund highlighted the low subscription rate, based on data from Yipit, and suggested Tesla needs to investigate the reasons behind this. The low uptake raises concerns about the market's expectations for Tesla's FSD technology, especially with the latest version, FSD v12.3, and following Tesla's decision to delay FSD deployment on Cybertruck vehicles.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 1:47 am

AMC

BABA

GME

RIVN

TSLA

GameStop and AMC stocks surged significantly, influenced by a social media post from Keith Gill, known as "Roaring Kitty." Alibaba's shares rose ahead of its earnings report, highlighted by a Goldman Sachs analyst. Rivian's stock increased following a positive revenue report and maintained production forecast. Tesla's shares grew after approval for a new megafactory project in China. The movements in these stocks reflect various factors, including social media influence, earnings anticipation, and strategic corporate developments.

Portfolio Pulse from Benzinga Neuro

May 14, 2024 | 1:39 am

ADNWW

Trading for ADNWW was halted at 7:50:00 p.m. ET due to pending news. This action indicates that significant news is expected to be released, which could materially impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:50 pm

ADN

Trading for ADN was halted at 7:50:00 p.m. ET due to pending news. This action indicates that significant news is expected to be released, which could materially impact the company's stock price.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:50 pm

TIRX

Trading for TIRX was halted at 7:50:00 p.m. ET due to pending news. The halt is a regulatory measure awaiting the release of significant information.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 11:50 pm

GME

NFLX

SONY

GameStop Corp (NYSE:GME) stock soared 74.40% to $30.45 after 'Roaring Kitty' returned to social media, marking a significant increase since the release of 'Dumb Money', a film based on the GameStop saga. The film, released by Sony Group Corp (NYSE:SONY) and later streamed on Netflix Inc (NASDAQ:NFLX), contributed to a renewed interest in GameStop, with the stock hitting new 52-week highs. An investment of $1,000 in GME at the time of the movie's release would be worth $1,687.12 today, outperforming the SPDR S&P 500 ETF Trust's return.

Portfolio Pulse from Chris Katje

May 13, 2024 | 11:34 pm

AMC

BUZZ

GME

SFYF

STCE

Keith Gill, known as 'Roaring Kitty', has returned to social media, sparking a surge in meme stocks like GameStop and AMC. This resurgence highlights the ongoing influence of individual investors in driving meme stock phenomena. ETFs like Schwab Crypto Thematic ETF, SoFi Social 50 ETF, and VanEck Vectors Social Sentiment ETF offer avenues for investors to engage with this trend.

Portfolio Pulse from Piero Cingari

May 13, 2024 | 10:21 pm

BIOX

Bioceres Crop Solutions (NASDAQ:BIOX) reported Q3 2024 earnings of $0.15 per share, missing the $0.16 estimate, and sales of $84M, below the $98.5M estimate. This represents a significant decrease in both earnings and sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:16 pm

GUTS

Fractyl Health (NASDAQ:GUTS) reported a significant improvement in its Q1 2024 financial results with a GAAP EPS of $(0.17), up from $(7.87) YoY, and sales of $33,000, a 560% increase from $5,000 YoY.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:12 pm

BTOC

Armlogi Holding has priced its IPO at $5.00 per share, with 1.60 million shares of common stock set to begin trading on the Nasdaq Global Market under the ticker symbol 'BTOC' on May 14, 2024. The offering is anticipated to close around May 15, 2024, pending customary closing conditions.

Portfolio Pulse from Benzinga Newsdesk

May 13, 2024 | 10:02 pm